Ann: Meeting cancellation and officer changes, page-24

The new management of troubled junior explorer Capricorn Metals (ASX:CMM) has decided it will again look at either selling its projects or getting someone to take it over.

But only once the company has its finances in order.

Two shareholders, Neon Capital and Nero Resource Fund, recently succeeded in spilling the board of Capricorn — a move that prompted the emerging gold producer’s managing director and CFO to also quit.

Both Neon and Nero are no longer substantial shareholders.

Doug Jendry,a representative of Nero, has now taken on the role of chairman and Tim Kestell, a representative of Neon, will act in an executive role during the “transitional period”.

The first item of business for the new management is to top up the kitty with at least $10m possibly through a pro rata offer to shareholders.

Capricorn chart below once Jendry/Nero enter





Doug Jendry is a big IN for IPB that alot of people dont understand until this stock pops up on there radar.

We get Nero as a cornerstone investment, look out